My monthly card spend

You could earn

Pros and cons

Every True Rewards dollar equals one New Zealand dollar when you redeem

0% p.a. for 6 months on your transferred balance

Eligible with Apple Pay, Google Pay, Fitbit Pay and Garmin Pay

High interest rate

Creditcard.co.nz review

Editor Review

ASB Visa Rewards Credit Card

Roland Bleyer

Credit Card Expert with over 15 years card experience and the founder of Creditcard.co.nz. Ask Roland a Question about this card.

The ASB Visa Rewards Card

The ASB Visa Rewards Card is a flexible rewards card that earns points on ASB’s True Rewards programme. With an affordable account fee, the card allows cardholders to stack up True Rewards dollars on their everyday card spending, which can then be redeemed in a number of ways, covering travel and merchandise, shopping with EFTPOS, giving to charity and more.

What we love...

While the True Rewards programme may have a wide variety of redemption options, the way in which the ASB Visa Rewards Card earns points is pretty simple too. As a cardholder, you will earn 1 True Rewards dollar for every $150 spent on eligible purchases. Every True Rewards dollar equals NZD $1, which can be redeemed in the following ways:

Travel: You can redeem your True Rewards dollars at House of Travel to book flights on any airline, for any seat, to any destination. You can also book your rental car and accommodation, and other travel arrangements.

In-store: Your True Rewards dollars can act just like real dollars to redeem instantly at partner stores, simply by using your True Rewards card as you would your EFTPOS card.

While many rewards cards charge much higher account fees or annual fees – making it harder to get value from rewards earned – this card has a pretty affordable account fee. A spend of $6,000 per year on the card covers the card’s annual account fee, so as long as you’re spending more than that – and paying off your balance before it attracts interest – it could offer great value.

What’s not so great...

Rewards cards typically charge higher rates of interest on purchases and cash advances. The ASB Visa Rewards Card is no exception. If you tend to carry a balance on your card, the interest you pay will likely negate the value of any rewards you earn – which is why cards such as these tend to suit cardholders who pay off their balance in full each month.

Why should you choose this card?

If you clear your balance each month and want to earn rewards on a low fee card, the ASB Visa Rewards Card could be well worth looking in to. You can earn points on your everyday card spending, to then choose from an array of redemption options.

Aside from its rewards, the card doesn’t offer much else in the way of features, but this may suit you if you simply want a rewards card with no extras. It does offer tech compatibility however, allowing you to sync with Apple Pay, Google Pay, Fitbit Pay and Garmin Pay. ASB Virtual is also available, which allows you to tap and pay with your Android device, as well as an ASB PayTag sticker that turns almost anything into a mobile payment device.

The card does offer 0% p.a. on balance transfers for six months, which could work well for cardholders who can afford to pay off new spending alongside their transferred balance. However, bear in mind any unpaid balance reverts to the card’s high purchase rate after the intro period.

Overall Rating

A simple rewards card, the ASB Visa Rewards Card focuses on rewards, offering an affordable account fee and 0% p.a. on balances for six months.

Your review helps others make a better decision & builds the Creditcard.co.nz community

Kind Regards

Roland B Bleyer

Founder - Creditcard.co.nz

Rates and fees

Interest rates

Purchase rate 20.95% p.a.

Cash advance rate 22.95% p.a.

Interest free on purchases up to 55 days

Balance transfer

Balance transfer rate 0% p.a. for 6 months

Balance transfer revert rate 20.95% p.a.

Balance transfer from personal loan N/A

Balance transfer fee No fee.

Balance transfer limit N/A

Banks you can't balance transfer from ASB Bank

Credit limits

Minimum credit limt $500

Maximum credit limit N/A

Fees & repayments

Annual fee $40 p.a.

Additional card holder fee $12 p.a.

Foreign transaction fee N/A

Minimum repayment

Cash advance fee N/A

Late payment fee N/A

Rewards and points

Rewards program

Rewards Program True Rewards

Bonus points N/A

Annual points cap uncapped

Bonus points spend criteria N/A

Earning points with this card

Rewards points 0.006 points per $1 spent

Points cap per month N/A

Overseas earn rate same as standard earn rate

Additional features

Complimentary insurance

Overseas travel insurance No

Flight inconvenience insurance No

Transport accident cover No

Smartphone screen insurance No

Purchase protection insurance No

Extended warranty insurance No

Rental vehicle excess cover No

Extras

Eligible with Apple Pay, Google Pay, Fitbit Pay and Garmin Pay

Overview

ASB Visa Rewards Credit Card

Key features

Earn 1 True Rewards dollar for every $150 spent on eligible purchases

Every True Rewards dollar equals one New Zealand dollar when you redeem

0% p.a. for 6 months on your transferred balance

Eligible with Apple Pay, Google Pay, Fitbit Pay and Garmin Pay

Minimum criteria to apply for this card

Be over 18 years old

Good Credit and have not applied for multiple credit cards recently

Permanent Resident or New Zealand Citizen

You have your personal details ready to complete the online application

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

Site Disclaimer: The credit cards compared on this page are chosen from a range that CreditCard.co.nz has access to track applications from and is not representative of all the credit card products available in the market. The product information provided cannot be considered comprehensive and may not contain all the features relevant to you. We also provide information on a range of cards that we do not have ability to track but believe have impact on the New Zealand credit card market. You should always consider seeking independent financial advice and your personal financial circumstances when comparing credit card products. Interest rates and fees and charges are subject to change without notice. Reasonable efforts are made to maintain accurate information. However, information is presented without warranty. When you click on the 'Go to Offer' button you will have an opportunity to review the credit card terms and conditions on the credit card issuer's web site. Even though we provide information on credit cards in New Zealand we are not a credit provider nor are we suggesting that you apply for any particular product from any of the credit card providers listed. Please refer to our credit guide for more information.

Filter your savings

Adjust the filters to see how much you could save with a balance transfer to a new credit card